NorthMarq Capital arranges $25.85 million acquisition financing for Foxcroft Apartments
Foxcroft Apts
RALEIGH (October 8, 2013) – Brett Mason, vice president of NorthMarq’s Raleigh regional office, arranged $25,850,000 acquisition financing for Foxcroft Apartments, located at 545 Ashley Court, Chapel Hill, North Carolina. The conventional market apartments hold 248 units. Financing was based on a 3-year term with interest only. The loan was arranged for the borrower, Eller Capital Partners, by NorthMarq through its relationship with Latitude Management Real Estate Investors.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
